In the cryptocurrency markets, Bitcoin (BTC)’s permanent rise above the $78,000 level is considered important for a stronger recovery. According to analysts, if this threshold is crossed, the price movement is expected to accelerate up to 84 thousand dollars in the first stage. On the other hand, HYPE and Zcash (ZEC) continue their resilient performance; Many leading altcoins are struggling to break through resistance zones.
Uncertainty in the Market and ETF Exits
Recent political developments and uncertainty have also been reflected in the cryptocurrency market. After US President Donald Trump announced that the talks between the USA and Iran were continuing regularly and positively, reaction movements were observed in Bitcoin. BTC increased its recovery effort by surging above $77,500 over the weekend.
The indecisive mood in the market led to a net outflow of $ 1.55 billion from Bitcoin exchange-traded funds (ETFs) traded in the USA. On-chain analysis company Santiment is of the opinion that such sharp outflows generally lead short-term investors to sell and may present an accumulation opportunity for long-term investors. According to CryptoQuant analysts, the demand for BTC has recently fallen to -147 thousand, reaching its lowest point of the year. For long-term buyers, this is a process that requires patience but also offers opportunities.
Mobility Continues in Indices
While the activity in the US stock markets continued, the S&P 500 index approached its all-time highs at 7,517. If the index remains above 7,500 points, it may trigger a new upward movement towards 8,000 points. In a possible correction, the level of 7.324 is monitored; If it cannot hold here, gradually 7,180 and then 7,002 points stand out as support.
The US Dollar Index (DXY) returned to the level of 99.51. Analysts state that the 20-day average (98.80) is the critical support point in the dollar index. In terms of upward movement, a new rise is not expected unless the 100.54 resistance is exceeded.
Bitcoin and Altcoin Technical Outlook
Bitcoin quickly recovered from below $76,000 last week and regained this level in a short time. From a technical perspective, the 20-day average ($77,893) is seen as the first significant resistance. If this point is exceeded, a new attack may occur in BTC towards 80 thousand dollars and then 84 thousand dollars.
On the other hand, if BTC price declines below $74,289, it seems possible that the decline will extend to the support line. It is observed that investors tend to buy at these levels.
Although Ethereum (ETH) buyers are trying to put it into the ascending channel, the bears continue to show resistance. The fact that the 20-day average is downward and the RSI is weak increases the risk of the price falling to psychological $ 2,000 or below in the short term. Conversely, ETH could strengthen towards $2,465 on the upside breakout.
After falling below $76,000, Bitcoin recovered in a short time and rose above $77,500 with the support of buyers. Analysts point out that closes above $78,000 may initiate a stronger upward period.
In XRP, the pressure continues and the price remains below the moving averages. If below $1.27 is tested, sudden drops to $1.11 or even $1 may be seen. Above, the first stage for a short-term trend reversal is resistance at $1.61.
Latest Status in Altcoins: HYPE and ZEC Stand Out
Although Binance Coin (BNB) broke below the 20-day moving average ($652), it saw strong buying from the 50-day average ($635). If the price moves above $687, $730 and $790 targets may form above. Below the 50-day average indicates horizontal movement for a while.
Solana (SOL) rebounded from $82.65 but failed to surpass the 20-day average ($87.12). If it falls below $ 82.65 in possible declines, $ 76 and then $ 67 stand out as new supports.
Although Dogecoin (DOGE) is trying to stay above the 50-day average at $0.10, selling pressure continues. The tight movement between $0.09 and $0.12 may continue in the short term.
HYPE reached an all-time high of $64.72. While there is a slight relaxation after this strong move, the support levels of $ 59.41 and $ 54.07 are followed. If HYPE price slides below $54.07, there are strong technical supports at $50.54 and $44.05.
Mini dictionary: HYPE, hyperliquid It is the native token of the exchange and is used to receive a share of the commissions obtained from transactions on the platform or to vote in management decisions. An all-time high refers to the highest price at which a crypto asset has traded in the markets.
On the Zcash (ZEC) side, the sharp rise starting from the 20-day moving average ($ 572) attracted attention. However, negative divergence is seen in the RSI indicator; This indicates that the upward momentum may decrease. If the $572 support below is broken, a decline to $487 may occur. Above, $690 and $750 resistances stand out.
| Coin | Critical Resistance | Critical Support | Short Term Goal |
|---|---|---|---|
| Bitcoin (BTC) | $78,000 | $74,289 | $84,000 |
| Ethereum (ETH) | $2,184 | $2,000 | $2,465 |
| BNB | $687 | $635 | $790 |
| HYPE | $64.72 | $54.07 | $77 |
| ZEC | $690 | $572 | $750 |
